Tuesday January 28 2014
News Source: Global Exchanges
Focus: Trading Systems and Technology
Type: General
The International Swaps and Derivatives Association, Inc. (ISDA) announced the implementation date for the first stage in its two-phased process for moving to an automated, market-based ISDAFIX rate setting. These steps are a key development in the ongoing industry initiative to ensure alignment of ISDAFIX practices with evolving best practices in the setting of benchmark rates.
The first phase of the process includes a number of steps, expected to be implemented during the first quarter of 2014, to enhance the ISDAFIX polling process in response to the International Organization of Securities Commissions (IOSCO) Principles for Financial Benchmarks.
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